Next-Generation Solutions for a Digital Future
At NextEra Tech, innovation is more than just a buzzword—it’s the driving force behind everything we do. Imagine a world where banking is frictionless, personalized, and instantly accessible—this is the reality we make possible. By harnessing the power of AI-driven insights, blockchain for secure transactions, and real-time analytics, we’re transforming how institutions interact with customers and manage operations. Whether it’s predictive models for investment decisions or chatbots delivering human-like customer support, our cutting-edge technologies are redefining what’s achievable in banking and capital markets. Together, we are not only meeting the demands of the digital age but anticipating the needs of tomorrow, ensuring our clients stay at the forefront of the industry.
NextEra Tech delivers innovative solutions to the banking and capital markets sectors by leveraging advanced technologies such as AI, cloud, and intelligent automation. Our offerings include digital banking, customer experience enhancement, risk management, regulatory compliance, and open banking frameworks, enabling clients to modernize systems, streamline operations, and deliver personalized services. With expertise in Sharia-compliant financial products, ESG strategies, and partnerships with global custodians and investment managers, we empower over 100 global clients to drive transformation and stay competitive in a rapidly evolving industry.
The Middle East insurance market is shifting from a price-centric to an experience-driven model, driven by digital-first solutions like connected insurance, usage-based premiums, and digital underwriting. Key trends include digital transformation, AI for automated claims and personalized services, big data for customer insights and risk assessment, IoT for real-time data, blockchain for transaction security, and cloud-based innovations for operational efficiency. Insurers must focus on agility, financial resilience, and business intelligence. Here NextEra Tech play a crucial role by providing digital solutions and expertise to enhance efficiency, profitability, and risk management across the insurance value chain.
NextEra's focus initiatives for the Saudi and MENA markets include:
Modernizing core systems to drive rapid innovation with Shariah-compliant products and modular core solutions.
Transitioning to a cashless economy through payments modernization, disrupted by fintechs and non-banks like Hala, and NoonPay.
Leveraging Gen 3 core to target digital-native users with the rise of digital attacker banks.
Adopting cloud technology enabled investments in local data centers by hyper scalers.
Offering digital wealth management services for affluent clients, including Islamic robo-advisory, trading platforms, and modernization of core wealth systems.
Modernizing lending with SME financing aligned to Vision 2030 goals and mortgage digitization.
Enhancing customer experience and offerings with branchless, mobile-first banking and personalized offers for loans and loyalty programs.
Rolling out open banking by SAMA in 2022, enabling the API economy with data as a service and banking as a service.
Developing and integrating AI-driven systems for automated claims processing, risk assessment, and personalized customer interactions
Offering advanced analytics solutions to help insurers gain insights into customer behavior, improve risk assessment, and develop customized insurance products
Creating digital platforms to streamline operations for policy management and claims processing.
World's Largest Bank
Largest Retail Bank
100 Saudi Nationals.
Leading KSA Insurance Firm
conversion of legacy to new systems.
Project Management.
End to End to Testing. UX Design.
Key Offerings
Banking
Offers innovative banking solutions that cater to the evolving needs of financial institutions. From Islamic Banking and Financing to modern core banking systems, their offerings ensure compliance, efficiency, and enhanced customer experiences. Leveraging AI and data management, they provide cutting-edge onboarding and open finance solutions.
- Islamic Banking: Tailored solutions adhering to Sharia principles, ensuring compliance and ethical financial practices
- Islamic Financing: Comprehensive financing options that align with Islamic laws, promoting ethical investments
- Modern Core: Transform legacy systems with modern, scalable core banking solutions for enhanced efficiency
- Data Mgmt. for AI world: Leverage advanced data management techniques to harness AI’s full potential in banking operations
- AI Powered Onboarding / Originations: Streamline customer onboarding and loan origination with AI-driven processes for improved accuracy and speed
- Open / Embedded Finance: Integrate financial services seamlessly into non-financial platforms, enhancing customer experiences
Capital Markets
Solutions are designed to streamline operations and enhance decision-making. With services like T+1/0 settlements, alternative asset servicing, and AI-led advisory, they help clients navigate regulatory mandates and optimize their investment strategies.
- T+1/0 Settlements: Accelerate settlement cycles to T+1 or T+0, reducing risk and improving liquidity
- Alternative Asset Servicing: Specialized services for managing and servicing alternative investments efficiently
- AI led Advisory: Utilize AI to provide personalized investment advice and insights, enhancing decision-making
- Regulatory Mandates: Ensure compliance with evolving regulatory requirements through robust solutions and expert guidance
Payments
Provides comprehensive payment solutions that ensure compliance, speed, and security. Their offerings include ISO 20022 compliance, real-time payments, and legacy system modernization. Additionally, they utilize AI to manage fraud risks effectively, ensuring safe and efficient transactions.
- ISO 20022 Compliance: Achieve compliance with ISO 20022 standards, facilitating seamless global payment processing
- Real Time Payments: Enable instant payment processing, enhancing transaction speed and customer satisfaction
- Legacy Modernization: Upgrade legacy payment systems to modern, agile platforms for improved performance
- AI for Fraud Risk Management: Implement AI-driven solutions to detect and mitigate fraud risks in real-time
Governance, Risk and Compliance
Help organizations maintain regulatory adherence and operational resilience. They offer data lineage and remediation, AI-led financial crime mitigation, and ESG reporting, ensuring robust risk management and transparency.
- Data Lineage & Remediation: Ensure data accuracy and traceability with comprehensive lineage and remediation solutions
- AI led FinCrime Mitigation: Leverage AI to detect and prevent financial crimes, enhancing security and compliance
- Operational Risk & Resiliency mandates: Strengthen operational risk management and ensure business resiliency with tailored solutions
- ESG Reporting: Facilitate transparent and accurate Environmental, Social, and Governance (ESG) reporting to meet regulatory and stakeholder expectations
Insurance
Focus on digital transformation, operational efficiency, and customer engagement. Offerings include connected insurance, automation, core systems modernization, and business transformation. Key solutions enhance underwriting, claims efficiency, and distribution, aiming to boost profitability and reduce risk in the region
- Connected Insurance: Solutions for connected homes, cars, and enterprises to enhance customer engagement and explore new revenue streams
- Automation in Insurance: Utilizing the Insurance Knowbots framework to drive operational efficiency and cost reduction by rethinking business models, processes, and IT architectures
- Underwriting & Risk Intelligence: Intelligent automation tools powered by real-time data insights to provide faster underwriting services while minimizing risk
- Claims Efficiency & Loss Prevention Solutions: Enhancing customer engagement with faster claims management and remediation solutions
- New-age Distribution and Customer Service: Deploying user-friendly interfaces to connect various stakeholders within the insurance ecosystem
Our Partners
